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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (38075)	8/16/2005 1:03:22 PM
From: KM	Read Replies (1) \| Respond to of 306849

Condos in crackville: davidgriffin.com

To: Riskmgmt who wrote (38075)	8/16/2005 1:04:46 PM
From: John Vosilla	Read Replies (4) \| Respond to of 306849

No. Ray that can be your project. Amazing the wealthy from those areas have moved their capital to overpriced Miami for a reason. For me it would be places like Germany, Austria or Croatia that never participated in this bubble. I'm more comfortable and familiar with European culture not even taking into account the currency risk and personal safety factors in many places to the south.

To: Riskmgmt who wrote (38075)	8/16/2005 2:48:19 PM
From: bentway	Read Replies (2) \| Respond to of 306849

I'm interested in that idea, but the idea of buying overseas RE is SO complicated! Could I become a citizen? How hard is it? Would the local laws protect my investment? How stable is the government? What are the prospects for the local market? What's the tax situation, and how stable is THAT? As a foreigner (and an AMERICAN), how would I be treated? I wouldn't feel comfortable unless I'd lived there a while myself. I know some people who bought some 99 year leases on condos in Baja, only to lose them because the developer didn't own the land they were built on! (He's long gone)